Search Results for: Asic
ASIC cancels Financial Broking Consultants’ Australian Credit Licence
August 28th, 2015
ASIC has cancelled the Australian credit licence of Financial Broking Consultants Pty Ltd (ACN 116 632 743) (Financial Broking Consultants). Financial Broking Consultants was a finance broking business organising home, vehicle and low doc loans for consumers in the ...
ASIC publishes third report on corporate finance regulation
August 21st, 2015
ASIC has today published its third report on the regulation of corporate finance issues in Australia. The report, which covers the period January to June 2015, provides companies and their advisers with insights into ASIC’s regulatory approach in the ...
Broker commissions on ASIC’s radar
August 21st, 2015
The corporate watchdog has identified the possibility that brokers could be driven by commission to recommend bigger mortgages to borrowers. Speaking at the release of a report on interest-only loans yesterday, ASIC deputy chair Peter Kell said that while ...
ASIC suspends retail OTC derivative licence
August 17th, 2015
ASIC, the financial regulator of Australia, has issued a press release to inform that it has suspended the Australian financial services (AFS) Licence of retail OTC derivative provider Australian Capital Markets Advisory Services Pty Ltd (ACMAS), after change of control. ...
ASIC bans former representative of Macquarie Equities Limited
August 10th, 2015
ASIC has banned Mr Shawn Hickman, of Middle Cove, New South Wales, from providing financial services for six years after he engaged in unauthorised discretionary trading on his clients’ accounts and created false records. Mr Hickman was a representative ...
ASIC releases enforcement report for the first half of 2015
August 5th, 2015
ASIC today released its enforcement report for the period 1 January 2015 to 30 June 2015 In the last six months, ASIC achieved 323 enforcement outcomes to protect financial consumers and enhance the fairness and efficiency of Australia’s financial ...
ASIC takes civil action against two for unlicensed financial services business
July 30th, 2015
ASIC has commenced civil proceedings in the Supreme Court of Queensland against Dr Roger Gareth Munro and Mrs Kathleen Susan Munro. ASIC is seeking declarations and other orders in relation to their conduct, which ASIC alleges would constitute carrying ...
ASIC bans former director of Provident Capital Limited
July 28th, 2015
ASIC has banned Mr Trevor John Seymour, a former director of Provident Capital Limited (Provident Capital), from managing corporations for three years and providing financial services for three years. The ban follows an ASIC investigation which found Mr Seymour ...
ASIC bans former GTL Tradeup Pty Ltd director
July 23rd, 2015
Mr Andrew Jeffers, a Certified Practising Accountant from Sydney, NSW, has been banned from providing any financial services until 21 May 2018. Mr Jeffers was banned after ASIC found that GTL Trade Up Pty Ltd (In Liquidation)(GTL), a company of ...
ASIC: Update on Interactive Brokers
July 3rd, 2015
ASIC today provided an update on its regulation of US-based online brokerage firm Interactive Brokers LLC (IB). Enforceable undertaking (EU) IB has refunded $1.5 million in fees and commission payments to its retail margin lending customers in accordance with ...
